Commerce is the life-blood of a society. Money is a representation of one's contribution to that society. That's why I share coupons with my friends at First Commercial Bank. LABOR OMNIA VINCIT. Without their ownings, people who do not work are useless to society (I cannot work, but my ownings are ... more than people are willing to even TRY to give!)
@MrPapi269 Maybe you should go back to elementary school and learn something 1st, hmm? First of all, you should not have capitalized 'amazing'. After that word is where a comma should be. Finally, you have terribly misspelled 'feel'. I cannot stand adults who do not understand correct English grammar.
@MrPapi269 To devnorton You gotta be an asshole. What kind of a person sees somone leave a nice comment and even care about the spelling. My friend if you new me youd want to be me. Im 39 years old and I make the kind of money a Doctor makes even though I don't spell perfect. You prob. are single and actually have to go to work every day to barely get by. While I own my own business, own property and buy and sell cars. You a fu#$ing Joke.
@MrPapi269 To devnorton You gotta be an asshole. What kind of a person sees somone leave a nice comment and even care about the spelling. My friend if you new me youd want to be me. Im 39 years old and I make the kind of money a Doctor makes even though I don't spell perfect. You prob. are single and actually have to go to work every day to barely get by. While I own my own business, own property and buy and sell cars. You are a fu#$ing Joke.
There is a documentary called money masters. I'm sure its here on youtube.If you are really interested in learning about money its very educational. It pretty much tells the entire history of money and how it was created. it has tons of the same stuff he is talking about. Did you know the oldest lasting money system in history was simply notches cut in a stick system?! it lasted only 600 years lol..cuts in a stick! our money will collapse people lol..
It's quite funny how in another video you point rightly how rich people actually are living our time.However you don't seem to understand the role of the investments and the bank's role in accelerating the development.
If any of you guys need help boosting your business then you should totally check out /user/reviewboost go and sub them because they are there to help out your business :)
I'm 24 years old and I've never had a credit card. I want to live my entire life without depending on credit and the system that steals.. They take advantage of our lack of patients.. The credit system doesn't help people buy homes, it robs generations.
There are no laws that state banks gets special bail out protection under the law. Banks are suppose to lend money to highly rated US multi nationals. The vast sums of money created is US Treasury based which means the federal gov is the largest source of not only money but mostly money that will not be used to strengthen large US multinationals. They don't need inflation they just Arb between the Fed and Treasuries. Inflation makes Americas debt virtually costless.
hello everyone i have quick question. if you put your money in a bank you earn an interest. but is the inflation rate larger than the interest you earn? cause if it's not then i dont get how we lose money by putting our money in a bank account. thanks for the help in advance
@californiabcn23 The true inflation rate for 2010 has been running at 8-9 percent so even a high yield 5 year cd at high 2's to low 3's percent will still mean you're losing 6 percent to inflation. So a cd for 100 dollars makes you slightly over 3 dollars due to compound interest by the end of the year, but inflation has taken 8 to 9 dollars of buying power.
hey man its supposed that to make money you have to have the same value of gold into your treasury. no one can make money out of nothing. you must have the gold. thats how it is in europe i think. the money i have now its not just a piece of paper. its gold. isnt there a law against this? but even if there is a law then most probably they will buy that one as well. right?
if banks have cash reserves meaning dollar to dollar ratio when giving loans, then it can rightfully demand interest because it has "real" asset for every dollar loaned. But such isn't the case due to the 1/10 fractional reserve system. If every depositor would withdraw all their money from the bank account it is even possible because only 1/10 money is in cirulation. hence the whole monetory system will collapse.
you talk as if banks are useless businesses which is obviosuly wrong, banks allow consumers to buy houses, cars, luxury goods etc, just becuase they dont offer physical goods it doesnt mean that they are robbing us consumers
@gerbilater this guy is right.......you don't understand the fractional reserve "scam" that banks are allowed to do...it is based on false economic scale...
@joe700700 lmao you call that a scam? so you would rather have vast amounts of credit/money sitiing in a current account doing nothing when it could be used to invest/ fianance mortages, luxury goods etc? without that then you couldnt possibly have loans, mortgages etc, meaning this would be a shit medieval era
You know, this is an amateurish plagiarism of my work. If you hold otherwise, we should have you on my radio show so that you can expand upon "your" pretended eleventh hour thesis -- debating your confusion over the nature of money... of course, inclusive of your mis-statements over the prior nature of the banking system, and your obvious failure to understand the obfuscated nature of money. As to your claims of inflation and purported consequences of inflation, you prove yourself a real amateur
I learned this in y accounting class. My thing is where to hold my money? Pre paid debit cards only hold so much. Having gold and stuff like that at home seems so dangerous. This is where I get dicouraged. Owning property in the USA is never 100% if the taxes don't get paid you van lose it.
The real problem is the fact that when our paper money stopped being backed by gold and silver... our money was no longer money it became "currency." That's the real problem. It is also the fact that the Fed is a private bank and charges the government interest, so the government taxes our labor in order to pay this private bank the interest that it owes to the Fed for borrowing the money. Which could completely be avoided if our government just printed it's own money.
Banks are assholes because most people fail to pay back their loans, hence the need for collateral. The problem is that people are spoiled and want banks and government to solve all their problems. People need to be financially savvy, if they are poor it is their fault no one else's. People get a little bit of money and instead of saving it...they go out and spend it. Healthy banks are what keep the economy afloat.
Well the most essential activity of a bank is to lend out money. Okay, they might now produce cars or icecream, but they take the risk of losing the money they lend out.
Ask google: Equation of Exchange
Money has to be created "out of nothing" to keep the balance between physical goods and the amount of money circulating. Think about it, what would prices look like if the amount of money didn't change for a hundred years while the Economy grew faster than ever before?
All I know is my daughter worked for a major bank and she was appalled at what they did to undermine business by being greedy. Banks should be helping people get started, maintaining, expanding instead of exploiting. It would be for their best interest too.
lorax2013, does not a bank provide the service of keeping one's money safe (and paying the individual for this convenience at that!)? Does not a bank provide the service of acting as a source of funding for entrepreneurs and businesses (and charge interest as a fee for this valuable service rightly so)? an identical investment in assets such as real estate, oil, gold, etc within the last several years would have yielded an exceptionally weaker return than bank stocks in general, please advise!
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Yes you can in fact make $200 to $5,000 per day from the comfort of your own home by learning to trade Oil. My name is David, I'm a scientist and trader, and four years ago I discovered that the entire Oil market doesn't really trade, rather the price of Oil is controlled by a computer, I broke this computer code 4 years ago, which allows you to know which direction Oil is going to go before it goes there, visit my profile for the link to my website Oil Trading Academy.
to bad realestate isnt ever really yours either. the government can take that any time they wish. this cat is pretty smart though. i am certian after the 700 billion dollar bailout, more people will be intrested in this kind of thing.
You said that after investment in hard assets then you can save money. but why would you want to save money because in the inflationary system all money is becoming more worthless no matter where it is coming from, so how does that solve anything
Suxh simple minded thinking. In one video he says we are wealthier than ever compared with out ancenstors. Then in this video says that the banks produce nothing. The banks facilitate the system that makes us wealthier than our ancestors. Fiat money isnt real, its just a tool that facilitates the trade of goods and services that makes us welathier than the cave men. YOu love the system in one video then call it a conterfieter, forgerer, evil conspiracy. Fucking retard.
@criminalheart666 Concur fully. Money was necessary during a time when the reality of scarcity was a very REAL thing. We've got more resources now to feed, clothe, and shelter every man, woman, and child on the entire planet, yet, because 'someone HAS to get paid' these things can not and never will happen under a society that pretty much defines its entire existence on how much profit you can make.
As the way of all things, what effect do you suppose its question, knowledge, understanding and application by billions of persons will have on the state of global economics, science, the humanities, education, government and business?
.
The underlying law of nature is the most important subject any person can investigate and learn about, can proceed to understand, and can then come to personally apply in life.
Most people dont produce anything of value and can hence not stop producing, they are consumers and the same type of parasite that the bankers are. The only difference is that most bankers are well aware of the fact that they are parasites where most welfare and governmental employees believe themselves to be of importance to the economy. Many private employed are in fact governmental employees since they work as contractors to the government.
Communism went broke because it didn't produce anything. Also all they did was spend more and more on their defense program until they had nothing to offer the world and nothing to buy the world's goods with.
Good point! The USA has been trending towards socialist/communist tendencies for a long time and now we are paying for it... actually.... we aren't, and that is one of the big problems.
Larry Wilkerson - recent Chief of Staff under Colin Powell's regime- says the Military-Industrial-Congressional Complex has banrupted America.
So dont blame Communism for poverty - Capitalism is just as bad. The whole argument is a red herring - a distraction from the real ideology that is practiced in all human societies - masters and slaves - that's all there is - all else is a distraction.
America's standard of living is nothing to do with capitalism's advantages over communism - it's purely the legacy of having the worlds reserve currency for so long that the US has been able to get other countries to pay for its standard of living by buying US debt.
Get your facts straight Obama has more than DOUBLED the budget and debt since Bush got in. You and your ilk just want to like in la la land where you just wave your hands and everything is free. It is total nonsense.
Straw man argument - So? That explains HOW they got the reserve currency - but Im talking about how they kept it - and it was buy selling its debt - it couldnt have sustained its wealth otherwise - so my point stands.
hey, i sucks att english but you talk slowley so i cam lurn a bit more with you videos maybe so i thank you for thats. I Sucks att spel too im sorry for that :S
I just said the same thing! Then I was told if I made my mown money it's a crime! I'm not even going to stress with the play system! Im am happy with my life and I live it my way!LOL!
We should have been issued special one use only cards to pay off our credit card and designated personal debts only. Instead we are giving the system our tax dollars and we still owe them.
SO where do you keep your money instead of the banks? I know you said to buy hard materials.. but you must save money for that to happen. In the meantime while you save. your dollar value may decrease. So what then?
deepakm - I'm no expert, but silver rounds (look a lot like silver dollars = 1 oz. of nearly pure silver) are still under $17 each (can't believe it!)
Don't put anything on credit cards. Eat only thrifty, home-cooked food. Buy your clothes and other stuff at thrift shops.
With everything you can save by severe economizing, buy that many oz of silver each month, and hide them.
And wait for silver to shoot through the roof soon...
Great stuff.. Capitalism should be the primary form of country leading, because communism and communists has destroyed and are still destroying every country they have touched because it is "a losers game", it really is..
I love this.. This is the way i live. The country i live in im completly independent and happy and feel me "raised over" the people and the government now. You must realize how your country and your envioriment really are and how it works, then you can make a plan for yourself that is bulletproof and can not be taking away from you by any person and/or government interfierence.
Hard money is just a commodity that is used as currency, like gold or silver. Otherwise, fiat money is an IOU. We're simply passing IOU's to one another. Nothing wrong with that. Also, although the Fed Reserve can create money or IOUs, most money is actually created by lending and by money transactions. If $1 is spent today, then only $1 in goods and services were provided. But if $1 changes hands 10 times today, then $10 in goods and services were produced. .
Loren, I've read, listened and watched to a lot of material on the evils of the central banks and I have to say your video post is easily one of the most concise and easy to understand I've come across. I just bought your book on Lulu. Do you do Seminars or do you have email you can be reached at? Thanks.. GL
Communism failed because the Churnobile Nuclear accident cost $575 billion to clean up in the first year and that''s not including paying the people for their suffering. A similar accident paying for propels medical and suffering would cost Americans 100 times as much collapsing capitalism.
America has been hit by many accidents that cost hundreds of billions of dollars to repair yet America keeps moving forward. Also the American economy is valued at 15 trillion dollars.
I really enjoy your observances. my situation is that i'm retired, living on retirement income and have my entire nestegg invested in c.d's that pay two and one half interest. I realize that this is not the ideal but am very afraid of losing my nestegg. what would you advise as the investment which would pay the best interest, but would have NO RISK? ALSO, WHAT IS YOUR FIRST NAME?
My family has found that so long as you are part of the societies of today your wealth will always flow toward those that print money (not just the bankers!) and the best way to save wealth and work less to enjoy life is to just isolate yourself from society completely! I think that is the only reason we are still living in Zimbabwe..
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Yes it is hard to imagine enough people understanding the financial fiat system to be able to take it down. I think the internet is helping and your videos are a great example. Your solutions are very helpful, thank you.
i've been having a very hard time trying to understand completely the monetary and banking system, do u know any book, video, etc that can help me with it? thanks.
I love how right after Loren is talking about how one can make a difference to battle the banking system, "You don't have to rally all of America to reform the system, all you have to do is free yourself", I hear a dog bark right after that, audibly and clear.
I purchased your book a few weeks ago and will be reading it over my break from school. I am thankful to have your videos to watch. I trust you considerably more than other forms of media I take in. Why does the government want to sustain this system? There must be a quid pro occuring.
there has always been a quid pro quo between people who have vast material value and people in control, it's hard to give a specific example because it is in virtually every single community, be it governments or ancient civilizations. it's EXTREMELY obvious in 3rd world countries. a good image that comes to my mind is the big guy in the beret with the desert eagle forcing africans to dig for diamonds in which the only profit they gain is temporary survival. selfishness sustains the system
The insiders (majority shareholders) of any company are the ones who really gain off a stock. Average shareholders of a bank don't know when to jump out or which banks will be favored in inevitable bailouts. So insiders can simply pull out and then re-invest their fortune in starting the scam over anew, while regular shareholders often get left with worthless stock.
No, I haven't read the act. The fundamentals are not disputed by anyone though in my understanding - that a central bank creates money from thin air and lends it to banks as seed money which is then expanded much more through fractional lending. Then when the leveraged loans collapse the taxpayers are stuck with the bailout of the first $100k per depositor... make that $250k... make that $700 billion...
make that 5.5 trillion.. lorax i wasnt criticizing you, i agree 100%. i was replying to figueroasal because he flamed you, even though he admitted he didnt watch the whole vid
I appreciate your videos, and thus I must believe that you put "Enya"in your profile just to mess with my head, to have me remember never ever stop questioning what you say. It actually works. I often find myself thinking "Yeah, that makes sense" and it's always followed by "but there must be something fundamentally wrong with it, cause this guy likes Enya."
Excellent analysis... yup.. my 401k savings are set up so that I cannot invest in REAL assets like physical gold or physical real estate.... so.. its almost like they have engineered the retirement system to the advantage of the banks....I tried to transfer my money out of the fidelity 401k to an IRA and it took 3 weeks of wrangling to get only 50% of the money OUT... now its sitting in an insured CD account feeding the money center "tapeworm.." but I don't know what else to do..
LORAX you said the taxpayers must bail out the banks in the video, this is very impressive because thats what happened to bear stears. you predicted this in a way.
Not exactly, but the mess of Bear Stearns is too lengthy to explain and I haven't even bothered to fully research just how badly taxpayers got stuck. It goes beyond the normal required taxpayer bailout of banks though, and sets a new precedent for the Fed forcing taxpayers to pay off losses in the financial industry.
The bank's job is to find good loan opportunities (costly time and research), check up on these loans at least quarterly (also expensive), set up a system of liquidity (your precious ATMs giving you cash 24/7 are costly) and this doesn't take into account SG&A. Economic growth comes from banks! How do people buy houses?! How do people start small businesses?! How do big businesses expand?! BANKS!!!!! There would be no growth, no social mobility, and no economic progress!!
Banks could do all that without printing $ from thin air. For example venture capitalists fund enterprises without self creating $. As for the contention that you need extra dollars for "economic growth" - that is a common misconception. But rather than argue against it I'll just say if you believe extra dollars are needed, let the government print and spend them in lieu of taxes. Why would you let banks steal all that wealth by having a license to counterfeit?
I guess too much freedom means freedom to act in some eyes means freedom to act in one's self-interest, freedom to exploit and beyond, huh? I will check the movie out down the road.
why do banks always quote the swap rate plus their margin ontop....i don't understand how it works...if what you are talking about is true, why do all the banks quote pretty much the same rate when loaning out...each lender i call say the same thing...we can only loan out a small percatage over the swap rate
Lorax' strategies are very defensive in character. But this approach is probably correct in the near future, because we are heading for economic problems considering the US debt, peak oil and demography.
We wouldn't have been as prosperous as we are today if it wasn't for this monitary system that we have, based on debt. But the system relies on perpetual economic growth, and is that possible? That's the ten thousand dollar question!
In my opinion it is a frequent misconception that we are prosperous because of central banking. 99% of the people believe this - but simply because it is repeated to us constantly. I feel our prosperity is due to technology & fossil fuels while central banking has stolen much of that wealth and given it to a non-productive industry. "theuniverseas" has a couple interesting videos on the topic.
The ultimate question is if we should have a system based on inflation or not. I think fast-growing economies have to be based on debt and confidence. The gold standard has always been abandoned when resources are mobilised on a huge scale. The banks steal a lot, but most of us benefit from the system nevertheless.
I'm curious to know -- and you might have a good prediction -- do you think Americans will have to, eventually, give up our gold? If so, how conscious do you think Americans are about the big picture of what and why that would happen?
what Lorax is saying is very intelligent and its said in an intelligent manner. In fact, he is isn't really saying anything new. I've heard this story hundreds of times by now, yet not because I go to a Canadian univerisity.
In fact most students (especially commerce students) I talk to have no concept of this.
It's difficult to cover the implications in a short space. The Fed Res Act insured that depositors were reimbursed at taxpayer expense when a bank failed. This insured new seed $ for banks at taxpayer expense.
I am a Patriot rebel and action jackson 7 times wounded for We The People in and outside America. Ron Paul is the answer as he is for getting back to my forefathers original ideas. If I gave you my real name you could see me in books, family name in every city, USA Founders, warriors, politco's. I am covert to stay alive!
40% of our personal taxes goes to pay the interest on the loans that the FED uses to pay off US debt. The US goes into debt, the FED prints money and pays part of it off, and receives repayment +interest...WE pay that interest.
It is no mistake that all the money is owned by the top 1%... that kind of shit does not just happen.
Very interesting my friend. There seems to be a lot of denial of this, I have seen denial of this. Of course, Ron Paul basically says the same thing that you are saying here... can you please show me your sources for this? Thanks. I'm basically researching this whole system for myself.
This comment has received too many negative votesshow
The banks don't provide a product or service? Let's see.....Hummmmmm. How bout when you need to open a hot dog stand. (small start up co.) The bank listens to your bullshit business plan and decides to risk there margin on your idea. Sure sounds like a service has been provided and a product has been rendered. In return they make a profit. Have you been telling this dribble so long you believe it?
I think people understand The System Now...
PotencyTV 2 weeks ago
Commerce is the life-blood of a society. Money is a representation of one's contribution to that society. That's why I share coupons with my friends at First Commercial Bank. LABOR OMNIA VINCIT. Without their ownings, people who do not work are useless to society (I cannot work, but my ownings are ... more than people are willing to even TRY to give!)
mythmanjay 2 months ago
You are Amazing my friend. I love watching your videos. I feal that I will learn so much from you. Thank you. David
MrPapi269 3 months ago 2
@MrPapi269 Maybe you should go back to elementary school and learn something 1st, hmm? First of all, you should not have capitalized 'amazing'. After that word is where a comma should be. Finally, you have terribly misspelled 'feel'. I cannot stand adults who do not understand correct English grammar.
devnorton 3 months ago
@MrPapi269 To devnorton You gotta be an asshole. What kind of a person sees somone leave a nice comment and even care about the spelling. My friend if you new me youd want to be me. Im 39 years old and I make the kind of money a Doctor makes even though I don't spell perfect. You prob. are single and actually have to go to work every day to barely get by. While I own my own business, own property and buy and sell cars. You a fu#$ing Joke.
MrPapi269 3 months ago
@MrPapi269 To devnorton You gotta be an asshole. What kind of a person sees somone leave a nice comment and even care about the spelling. My friend if you new me youd want to be me. Im 39 years old and I make the kind of money a Doctor makes even though I don't spell perfect. You prob. are single and actually have to go to work every day to barely get by. While I own my own business, own property and buy and sell cars. You are a fu#$ing Joke.
MrPapi269 3 months ago
There is a documentary called money masters. I'm sure its here on youtube.If you are really interested in learning about money its very educational. It pretty much tells the entire history of money and how it was created. it has tons of the same stuff he is talking about. Did you know the oldest lasting money system in history was simply notches cut in a stick system?! it lasted only 600 years lol..cuts in a stick! our money will collapse people lol..
Weezyfan127 4 months ago
I like that you offer real solutions.
shakaama 4 months ago
banks keeps out money safe and let us use money more conveniently..... that is a service we get that service for free and they do their business
tavogp 4 months ago
This has been flagged as spam show
makemoney-saimir.blogspot.com
This is an interesting website to learn how to make and save money online/offline
SmirMC 5 months ago
This has been flagged as spam show
Yea let's keep gettin it check out my channel
realmoney48 5 months ago
we are still just slaves? in the past we were wipped with a wip ? now we are wipped with money?
bungit2003 6 months ago
In another video he states that the Soviet Union collapsed because they reached peak oil.
numbnuts234567 6 months ago
I spelled erou wrong, it should of been euro.
starfox2134 7 months ago
Good video, just look at how much inflation has caused the U.S dollar to diminish in value compared to the erou the past couple of years.
starfox2134 7 months ago
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i found this blog very helpful it shows you the best sites for making money online
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mileyspice 7 months ago
Money does my head in!
MrCbgswan 8 months ago
dam jews.
mrtundra45 8 months ago
WRONG!!! Banks don't criate money from nothing!!! Money is create based in produtivety and investments.
PimentelStudios 8 months ago
It's funny how you point rightly in another video how rich people actually are living our time.
Still you don't seem to understand the investments and the bank's role in accelerating development.
dalsenov 11 months ago
@dalsenov he is trying to help people out u dumb idot
101Trippen 11 months ago
@dalsenov he is trying to help people out u dumb idiot
101Trippen 11 months ago 2
@101Trippen
As usual (frustrated) people that miss arguments start insulting.I don't know how can you help people by not telling the truth!?
dalsenov 11 months ago
It's quite funny how in another video you point rightly how rich people actually are living our time.However you don't seem to understand the role of the investments and the bank's role in accelerating the development.
dalsenov 11 months ago
man you cleared it for me..thanks
palisandr123 11 months ago
Best way to rob a bank is to own one:D
nir8vana 11 months ago
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this guy is really smart. i actually did my first blog post on something similar to this. if anyone is interested, check it out:
ledbetter58-thinkingoutloud.blogspot.com/
Ledbetter58 1 year ago
The system doesn't understand the system!
Yeah, your a good talker (don't like having your chin cut off in the vid though). I enjoy this cause you don't sound like a Auctioneer.
glowingdarkmatter25 1 year ago
This has been flagged as spam show
If any of you guys need help boosting your business then you should totally check out /user/reviewboost go and sub them because they are there to help out your business :)
xSKITTLEZx012 1 year ago
thanku
Daniel2626100 1 year ago
I'm 24 years old and I've never had a credit card. I want to live my entire life without depending on credit and the system that steals.. They take advantage of our lack of patients.. The credit system doesn't help people buy homes, it robs generations.
djbro16 1 year ago
u just blown my mind
gyfish 1 year ago
There are no laws that state banks gets special bail out protection under the law. Banks are suppose to lend money to highly rated US multi nationals. The vast sums of money created is US Treasury based which means the federal gov is the largest source of not only money but mostly money that will not be used to strengthen large US multinationals. They don't need inflation they just Arb between the Fed and Treasuries. Inflation makes Americas debt virtually costless.
JeremyKonstenius 1 year ago
many people not only don't understand the system, but they don't even want to.
bergweg 1 year ago
This has been flagged as spam show
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tiblon1 1 year ago
hello everyone i have quick question. if you put your money in a bank you earn an interest. but is the inflation rate larger than the interest you earn? cause if it's not then i dont get how we lose money by putting our money in a bank account. thanks for the help in advance
californiabcn23 1 year ago
@californiabcn23 The true inflation rate for 2010 has been running at 8-9 percent so even a high yield 5 year cd at high 2's to low 3's percent will still mean you're losing 6 percent to inflation. So a cd for 100 dollars makes you slightly over 3 dollars due to compound interest by the end of the year, but inflation has taken 8 to 9 dollars of buying power.
Tronman63 1 year ago
@Tronman63 wow thats crazy. thank you for the info =)
californiabcn23 1 year ago
hey man its supposed that to make money you have to have the same value of gold into your treasury. no one can make money out of nothing. you must have the gold. thats how it is in europe i think. the money i have now its not just a piece of paper. its gold. isnt there a law against this? but even if there is a law then most probably they will buy that one as well. right?
santisclown 1 year ago
You're on it
TOCEO 1 year ago
Comment removed
Gary190tube 1 year ago
if banks have cash reserves meaning dollar to dollar ratio when giving loans, then it can rightfully demand interest because it has "real" asset for every dollar loaned. But such isn't the case due to the 1/10 fractional reserve system. If every depositor would withdraw all their money from the bank account it is even possible because only 1/10 money is in cirulation. hence the whole monetory system will collapse.
joe700700 1 year ago
you talk as if banks are useless businesses which is obviosuly wrong, banks allow consumers to buy houses, cars, luxury goods etc, just becuase they dont offer physical goods it doesnt mean that they are robbing us consumers
gerbilater 1 year ago
@gerbilater this guy is right.......you don't understand the fractional reserve "scam" that banks are allowed to do...it is based on false economic scale...
joe700700 1 year ago
@joe700700 lmao you call that a scam? so you would rather have vast amounts of credit/money sitiing in a current account doing nothing when it could be used to invest/ fianance mortages, luxury goods etc? without that then you couldnt possibly have loans, mortgages etc, meaning this would be a shit medieval era
gerbilater 1 year ago
subscribe to me for a subscribe back!
alexkwilliams 1 year ago
You know, this is an amateurish plagiarism of my work. If you hold otherwise, we should have you on my radio show so that you can expand upon "your" pretended eleventh hour thesis -- debating your confusion over the nature of money... of course, inclusive of your mis-statements over the prior nature of the banking system, and your obvious failure to understand the obfuscated nature of money. As to your claims of inflation and purported consequences of inflation, you prove yourself a real amateur
mikemontagne 1 year ago
I learned this in y accounting class. My thing is where to hold my money? Pre paid debit cards only hold so much. Having gold and stuff like that at home seems so dangerous. This is where I get dicouraged. Owning property in the USA is never 100% if the taxes don't get paid you van lose it.
MsExoticBliss 1 year ago
Better to invest some of your money to some networking company. Choose from a lot of different companies that will suit your needs.
paradox6973 1 year ago
The real problem is the fact that when our paper money stopped being backed by gold and silver... our money was no longer money it became "currency." That's the real problem. It is also the fact that the Fed is a private bank and charges the government interest, so the government taxes our labor in order to pay this private bank the interest that it owes to the Fed for borrowing the money. Which could completely be avoided if our government just printed it's own money.
zw0ecool 1 year ago
So I'm guessing you don't have a bank account lorax2013?
zw0ecool 1 year ago
Banks are assholes because most people fail to pay back their loans, hence the need for collateral. The problem is that people are spoiled and want banks and government to solve all their problems. People need to be financially savvy, if they are poor it is their fault no one else's. People get a little bit of money and instead of saving it...they go out and spend it. Healthy banks are what keep the economy afloat.
zw0ecool 1 year ago
Excellent, simplified, explanation in simple English everyone can understand!
pigboykool 1 year ago
Have you watched (watch?v=F-QA2rkpBSY)? This man explains how interest works. It blew my mind.
lykopis 1 year ago
Good for you, not being sarcastic, I mean that. Thank you for sharing these videos. You are doing a service.
lykopis 1 year ago
I knew at 20 seconds in, you were referring to banks!
lykopis 1 year ago
People that love money don't love happiness, people that love happiness enjoy their money therefore share it.
tuffythetiger 1 year ago
hes telling the truth. irish tax payers have just bailed out Anglo Irish Bank. 24 billion euro it costthe tax payer.
conbhui 1 year ago
Well the most essential activity of a bank is to lend out money. Okay, they might now produce cars or icecream, but they take the risk of losing the money they lend out.
Ask google: Equation of Exchange
Money has to be created "out of nothing" to keep the balance between physical goods and the amount of money circulating. Think about it, what would prices look like if the amount of money didn't change for a hundred years while the Economy grew faster than ever before?
NerollGermany 1 year ago
All I know is my daughter worked for a major bank and she was appalled at what they did to undermine business by being greedy. Banks should be helping people get started, maintaining, expanding instead of exploiting. It would be for their best interest too.
Tonithenightowl 1 year ago
lorax2013, does not a bank provide the service of keeping one's money safe (and paying the individual for this convenience at that!)? Does not a bank provide the service of acting as a source of funding for entrepreneurs and businesses (and charge interest as a fee for this valuable service rightly so)? an identical investment in assets such as real estate, oil, gold, etc within the last several years would have yielded an exceptionally weaker return than bank stocks in general, please advise!
rpjenterprises100 1 year ago
you simplified a complex issue, great.
ERASER1091988 1 year ago
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OilTradingAcademy 1 year ago
to bad realestate isnt ever really yours either. the government can take that any time they wish. this cat is pretty smart though. i am certian after the 700 billion dollar bailout, more people will be intrested in this kind of thing.
licmy3balls 1 year ago
You said that after investment in hard assets then you can save money. but why would you want to save money because in the inflationary system all money is becoming more worthless no matter where it is coming from, so how does that solve anything
aratheartist 1 year ago
Excuse my spelling mistakes, my fingers are too fat for the keyboard. They got that way from the bank that made me rich by simply existing.
onemind1 1 year ago
Suxh simple minded thinking. In one video he says we are wealthier than ever compared with out ancenstors. Then in this video says that the banks produce nothing. The banks facilitate the system that makes us wealthier than our ancestors. Fiat money isnt real, its just a tool that facilitates the trade of goods and services that makes us welathier than the cave men. YOu love the system in one video then call it a conterfieter, forgerer, evil conspiracy. Fucking retard.
onemind1 1 year ago
what kind of system would be best
MrStartrekepisodes 1 year ago
That's deep understanding of the system. Impressive.
TigerInTree 1 year ago
we must follow the power of pure love and put money and food behind this power.
criminalheart666 1 year ago
@criminalheart666 Concur fully. Money was necessary during a time when the reality of scarcity was a very REAL thing. We've got more resources now to feed, clothe, and shelter every man, woman, and child on the entire planet, yet, because 'someone HAS to get paid' these things can not and never will happen under a society that pretty much defines its entire existence on how much profit you can make.
Bluecloudandrew 1 year ago
banks provide security. but we could do that ourselves if we bought a safe
qwertyfshag 1 year ago
It is called usery. Use to be illegal.
freetobejbp 1 year ago
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What is the underlying law of nature.
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The underlying law of nature is the most important subject any person can investigate and learn about, can proceed to understand, and can then come to personally apply in life.
TedDGPoulos 1 year ago
too bad i didnt see this back before the crash...
wendy2212 1 year ago
Most people dont produce anything of value and can hence not stop producing, they are consumers and the same type of parasite that the bankers are. The only difference is that most bankers are well aware of the fact that they are parasites where most welfare and governmental employees believe themselves to be of importance to the economy. Many private employed are in fact governmental employees since they work as contractors to the government.
Get out and prepare for the dawn war!
snakecharmer133 1 year ago
I have to agree with this.
kwak76 2 years ago
Very good explanation.
dak9779 2 years ago
Comment removed
Profits2008 2 years ago
It's all so true,
you should check out my tattoo in my 'Thizzin' video
crunkss 2 years ago
get your dosh out of the bank and buy gold/silver .
any way soon paper money will be just that
paper
ramjam25 2 years ago
Communism went broke because it didn't produce anything. Also all they did was spend more and more on their defense program until they had nothing to offer the world and nothing to buy the world's goods with.
frost122585 2 years ago
Um - dude - are you describing Communism or the USA? LOL
mallamoozoo 2 years ago
Good point! The USA has been trending towards socialist/communist tendencies for a long time and now we are paying for it... actually.... we aren't, and that is one of the big problems.
frost122585 2 years ago
Larry Wilkerson - recent Chief of Staff under Colin Powell's regime- says the Military-Industrial-Congressional Complex has banrupted America.
So dont blame Communism for poverty - Capitalism is just as bad. The whole argument is a red herring - a distraction from the real ideology that is practiced in all human societies - masters and slaves - that's all there is - all else is a distraction.
mallamoozoo 2 years ago
America's standard of living is nothing to do with capitalism's advantages over communism - it's purely the legacy of having the worlds reserve currency for so long that the US has been able to get other countries to pay for its standard of living by buying US debt.
mallamoozoo 2 years ago
Get your facts straight Obama has more than DOUBLED the budget and debt since Bush got in. You and your ilk just want to like in la la land where you just wave your hands and everything is free. It is total nonsense.
frost122585 2 years ago
facts without context can be as deceiving as the devil.
Ryukikon 2 years ago
Sure but that's a superfluous point since my facts are right.
frost122585 2 years ago
Thank you for just proving my point.
Ryukikon 2 years ago
i think you know the score
ramjam25 2 years ago
@mallamoozoo wrong. The U.S. was the wealthiest country before the dollar was the reserve country!!
okvideos5 2 years ago
@okvideos5
Straw man argument - So? That explains HOW they got the reserve currency - but Im talking about how they kept it - and it was buy selling its debt - it couldnt have sustained its wealth otherwise - so my point stands.
mallamoozoo 2 years ago
Amazing information. Thank you for sharing. Have you written a book?
societytravels 2 years ago 10
This one is a clever dude!
fazholio 2 years ago 22
This is the pure truth. Very well explained. People must know these facts!!
aurajinv 2 years ago 3
hey, i sucks att english but you talk slowley so i cam lurn a bit more with you videos maybe so i thank you for thats. I Sucks att spel too im sorry for that :S
isatyp 2 years ago
I just said the same thing! Then I was told if I made my mown money it's a crime! I'm not even going to stress with the play system! Im am happy with my life and I live it my way!LOL!
titoferni29 2 years ago
We should have been issued special one use only cards to pay off our credit card and designated personal debts only. Instead we are giving the system our tax dollars and we still owe them.
rockman2561 2 years ago 3
SO where do you keep your money instead of the banks? I know you said to buy hard materials.. but you must save money for that to happen. In the meantime while you save. your dollar value may decrease. So what then?
deepakm 2 years ago
deepakm - I'm no expert, but silver rounds (look a lot like silver dollars = 1 oz. of nearly pure silver) are still under $17 each (can't believe it!)
Don't put anything on credit cards. Eat only thrifty, home-cooked food. Buy your clothes and other stuff at thrift shops.
With everything you can save by severe economizing, buy that many oz of silver each month, and hide them.
And wait for silver to shoot through the roof soon...
nameofthepen 2 years ago
Great stuff.. Capitalism should be the primary form of country leading, because communism and communists has destroyed and are still destroying every country they have touched because it is "a losers game", it really is..
Profits2008 2 years ago
I love this.. This is the way i live. The country i live in im completly independent and happy and feel me "raised over" the people and the government now. You must realize how your country and your envioriment really are and how it works, then you can make a plan for yourself that is bulletproof and can not be taking away from you by any person and/or government interfierence.
Profits2008 2 years ago 2
I hear what you mean about reform...but i gave up when i realized that the majority of the public doesn't understand/don't care.
iteslabot 2 years ago
Very well said!!
iteslabot 2 years ago
The FEDERAL RESERVE BANK IS A SCHEME!
THEY WORK SECRETLY WITH THE GOVERNMENT TO HORDE ITS OWN WEALTH AND LURE YOU INTO BECOMING THEIR WAGE WORKERS!
theFoxthatTalks 2 years ago
Hard money is just a commodity that is used as currency, like gold or silver. Otherwise, fiat money is an IOU. We're simply passing IOU's to one another. Nothing wrong with that. Also, although the Fed Reserve can create money or IOUs, most money is actually created by lending and by money transactions. If $1 is spent today, then only $1 in goods and services were provided. But if $1 changes hands 10 times today, then $10 in goods and services were produced. .
MuffinMario 2 years ago
Loren, I've read, listened and watched to a lot of material on the evils of the central banks and I have to say your video post is easily one of the most concise and easy to understand I've come across. I just bought your book on Lulu. Do you do Seminars or do you have email you can be reached at? Thanks.. GL
GalacticLove1 2 years ago
Communism failed because the Churnobile Nuclear accident cost $575 billion to clean up in the first year and that''s not including paying the people for their suffering. A similar accident paying for propels medical and suffering would cost Americans 100 times as much collapsing capitalism.
GoTimothy 2 years ago
GoTimothy
America has been hit by many accidents that cost hundreds of billions of dollars to repair yet America keeps moving forward. Also the American economy is valued at 15 trillion dollars.
wwwdotLPdotorg 2 years ago
I really enjoy your observances. my situation is that i'm retired, living on retirement income and have my entire nestegg invested in c.d's that pay two and one half interest. I realize that this is not the ideal but am very afraid of losing my nestegg. what would you advise as the investment which would pay the best interest, but would have NO RISK? ALSO, WHAT IS YOUR FIRST NAME?
nessened 2 years ago
is it wall street in manhattan? if people lose money for nothing and what cost Dollars.
60 minute program they speak only dollars, nothing more.
pepperonn 2 years ago
good point.
have you ever been Manhahattan " money street" ? i like your thoughs.
pepperonn 2 years ago
My family has found that so long as you are part of the societies of today your wealth will always flow toward those that print money (not just the bankers!) and the best way to save wealth and work less to enjoy life is to just isolate yourself from society completely! I think that is the only reason we are still living in Zimbabwe..
expelledboy 2 years ago
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janskdmwes 2 years ago
Yes it is hard to imagine enough people understanding the financial fiat system to be able to take it down. I think the internet is helping and your videos are a great example. Your solutions are very helpful, thank you.
TruthFN 2 years ago
I really like your videos, smart guy and humbly spoken.
Zoootex 2 years ago
Hi,
i've been having a very hard time trying to understand completely the monetary and banking system, do u know any book, video, etc that can help me with it? thanks.
gil1010gape 2 years ago
Watch "Money as Debt" on google.
It's a corrupt system.
The elite international bankers control the world, including our government. The politicians don't work for you, they work for the bank!
gian15 2 years ago
The banks do not create their own money.
If the reserve requirement is 10%, they can only loan 90% of their deposits.
Loaning less than their deposits isn't counterfeiting.
jimmyrtle 2 years ago
Banks do not keep all the interest. The government gets a portion of the interest. This is the reason govt. allows the 10:1 ratio incase of default.
pereshdave 2 years ago
Now I realize what WEALTH really means, everyone is broke!
sderenzi 3 years ago 3
I love how right after Loren is talking about how one can make a difference to battle the banking system, "You don't have to rally all of America to reform the system, all you have to do is free yourself", I hear a dog bark right after that, audibly and clear.
DJBucs2005 3 years ago
That's exactly how this country was founded, on indentured servitude back in early colonial times. I guess history does repeat itself.
garydonpowell 3 years ago
Keep em stupid, and you can keep em broke.
garydonpowell 3 years ago
I purchased your book a few weeks ago and will be reading it over my break from school. I am thankful to have your videos to watch. I trust you considerably more than other forms of media I take in. Why does the government want to sustain this system? There must be a quid pro occuring.
DJBucs2005 3 years ago
there has always been a quid pro quo between people who have vast material value and people in control, it's hard to give a specific example because it is in virtually every single community, be it governments or ancient civilizations. it's EXTREMELY obvious in 3rd world countries. a good image that comes to my mind is the big guy in the beret with the desert eagle forcing africans to dig for diamonds in which the only profit they gain is temporary survival. selfishness sustains the system
lolll666 3 years ago
thx
DesteniGeld 3 years ago
I think you are making an excellent case for owning bank stocks, then I can become one of the exploiters and get rich, please comment.
NPraiseOfFreedom 3 years ago
The insiders (majority shareholders) of any company are the ones who really gain off a stock. Average shareholders of a bank don't know when to jump out or which banks will be favored in inevitable bailouts. So insiders can simply pull out and then re-invest their fortune in starting the scam over anew, while regular shareholders often get left with worthless stock.
lorax2013 3 years ago 3
@NPraiseOfFreedom That's a good idea but it seems that most of the wealth goes to the employees and executives in bonuses.
stevedekorte 1 year ago
please explain how it works and cite some references then.. have you researched it? have you read the federal reserve act of 1913???
FATCACAK 3 years ago
No, I haven't read the act. The fundamentals are not disputed by anyone though in my understanding - that a central bank creates money from thin air and lends it to banks as seed money which is then expanded much more through fractional lending. Then when the leveraged loans collapse the taxpayers are stuck with the bailout of the first $100k per depositor... make that $250k... make that $700 billion...
lorax2013 3 years ago
make that 5.5 trillion.. lorax i wasnt criticizing you, i agree 100%. i was replying to figueroasal because he flamed you, even though he admitted he didnt watch the whole vid
FATCACAK 3 years ago
Lorex have you watched zeitgeist and zeitgeist addendum yet. Those movies are in complete agreement with you.
screenflicker1 3 years ago
If banks don't want us to have gold, etc. then why do they offer safety deposit boxes?
EcoWhale 3 years ago
the truth!
uea978 3 years ago
so where do u keep ur money... in ur matress???
modena5 3 years ago 2
Interesting video.
bajan13k 3 years ago 2
I appreciate your videos, and thus I must believe that you put "Enya"in your profile just to mess with my head, to have me remember never ever stop questioning what you say. It actually works. I often find myself thinking "Yeah, that makes sense" and it's always followed by "but there must be something fundamentally wrong with it, cause this guy likes Enya."
byggarebob 3 years ago 2
This comment has received too many negative votes show
The product banks produce is hard cash/currency.
CiscoNast 3 years ago
Please watch the video again, and if you still dont get it, please do some research.... damn.
clevername333 3 years ago 3
Robert Kiyosaki and Donald Trump talk about the fundamentals of what you are saying.
It is very true.
Question for you, how did you get started in getting money in the first place in order to invest?
How would you advise someone to start now when the "banks" are not lending any money for real estate investment?
Save whatever you can and buy gold?
Get a second job?
vicalm007 3 years ago
Your explaination is simple and easy to understand. Thank you.
davidluk8 3 years ago 2
Excellent analysis... yup.. my 401k savings are set up so that I cannot invest in REAL assets like physical gold or physical real estate.... so.. its almost like they have engineered the retirement system to the advantage of the banks....I tried to transfer my money out of the fidelity 401k to an IRA and it took 3 weeks of wrangling to get only 50% of the money OUT... now its sitting in an insured CD account feeding the money center "tapeworm.." but I don't know what else to do..
clayvessel 3 years ago 3
if the current monetary is system is bad, is there any better system out there?
oculusinfj 3 years ago 2
look up lerouch's plan for a new type of economy.
inthebluescrossroad 3 years ago
LORAX you said the taxpayers must bail out the banks in the video, this is very impressive because thats what happened to bear stears. you predicted this in a way.
cjlee41 3 years ago
Not exactly, but the mess of Bear Stearns is too lengthy to explain and I haven't even bothered to fully research just how badly taxpayers got stuck. It goes beyond the normal required taxpayer bailout of banks though, and sets a new precedent for the Fed forcing taxpayers to pay off losses in the financial industry.
lorax2013 3 years ago
For more info do a search: Money as Debt
It's just one part of taking the red pill.
rseveran 3 years ago
The bank's job is to find good loan opportunities (costly time and research), check up on these loans at least quarterly (also expensive), set up a system of liquidity (your precious ATMs giving you cash 24/7 are costly) and this doesn't take into account SG&A. Economic growth comes from banks! How do people buy houses?! How do people start small businesses?! How do big businesses expand?! BANKS!!!!! There would be no growth, no social mobility, and no economic progress!!
jdmacor 3 years ago
Banks could do all that without printing $ from thin air. For example venture capitalists fund enterprises without self creating $. As for the contention that you need extra dollars for "economic growth" - that is a common misconception. But rather than argue against it I'll just say if you believe extra dollars are needed, let the government print and spend them in lieu of taxes. Why would you let banks steal all that wealth by having a license to counterfeit?
lorax2013 3 years ago
nice i learn something today
ylone0291 3 years ago
Superb and concise exposition of the fiat banking scam. Can't wait to watch more of your material.
oo0terminus0oo 3 years ago
i agree, man. everyone should watch the movie "america, from freedom to fascism." this pretty much tells the whole story.
Brandonly23 3 years ago
I guess too much freedom means freedom to act in some eyes means freedom to act in one's self-interest, freedom to exploit and beyond, huh? I will check the movie out down the road.
DJBucs2005 3 years ago
why do banks always quote the swap rate plus their margin ontop....i don't understand how it works...if what you are talking about is true, why do all the banks quote pretty much the same rate when loaning out...each lender i call say the same thing...we can only loan out a small percatage over the swap rate
muppafuppa 4 years ago
Lorax' strategies are very defensive in character. But this approach is probably correct in the near future, because we are heading for economic problems considering the US debt, peak oil and demography.
ZeketheSwede 4 years ago
We wouldn't have been as prosperous as we are today if it wasn't for this monitary system that we have, based on debt. But the system relies on perpetual economic growth, and is that possible? That's the ten thousand dollar question!
ZeketheSwede 4 years ago
In my opinion it is a frequent misconception that we are prosperous because of central banking. 99% of the people believe this - but simply because it is repeated to us constantly. I feel our prosperity is due to technology & fossil fuels while central banking has stolen much of that wealth and given it to a non-productive industry. "theuniverseas" has a couple interesting videos on the topic.
lorax2013 4 years ago
The ultimate question is if we should have a system based on inflation or not. I think fast-growing economies have to be based on debt and confidence. The gold standard has always been abandoned when resources are mobilised on a huge scale. The banks steal a lot, but most of us benefit from the system nevertheless.
ZeketheSwede 4 years ago
By the way, the very first central banking system in the world started in Sweden 1668, prior to the Bank of England, so you have to blame us!
ZeketheSwede 4 years ago
So what's your solution?
EvanQuinn07 4 years ago
Lorax, thanks for this video.
I'm curious to know -- and you might have a good prediction -- do you think Americans will have to, eventually, give up our gold? If so, how conscious do you think Americans are about the big picture of what and why that would happen?
dusteroo 4 years ago
Lorax is on it. To maintain wealth you must own Land, or other RE or own a business and land is your savings.
JohnJamesAlexander 4 years ago
what Lorax is saying is very intelligent and its said in an intelligent manner. In fact, he is isn't really saying anything new. I've heard this story hundreds of times by now, yet not because I go to a Canadian univerisity.
In fact most students (especially commerce students) I talk to have no concept of this.
5 stars!
mysteryschool7 4 years ago
You say that the taxpayer has to bail out the failed banks when they collapse... can you please explain this in detail for me? Thanks.
fusionguitar 4 years ago
It's difficult to cover the implications in a short space. The Fed Res Act insured that depositors were reimbursed at taxpayer expense when a bank failed. This insured new seed $ for banks at taxpayer expense.
lorax2013 4 years ago
isn't that what the IRS and income tax is for? Hahaha, guess what film I got that from. Go ahead. And please answer my question as well.
fusionguitar 4 years ago
Ron Paul is not presidential material. We need a patriot,rebel,and a leader. Do see this in any person running for president today?
NSV102A 4 years ago
I am a Patriot rebel and action jackson 7 times wounded for We The People in and outside America. Ron Paul is the answer as he is for getting back to my forefathers original ideas. If I gave you my real name you could see me in books, family name in every city, USA Founders, warriors, politco's. I am covert to stay alive!
JohnJamesAlexander 4 years ago
40% of our personal taxes goes to pay the interest on the loans that the FED uses to pay off US debt. The US goes into debt, the FED prints money and pays part of it off, and receives repayment +interest...WE pay that interest.
It is no mistake that all the money is owned by the top 1%... that kind of shit does not just happen.
m750099 4 years ago
Very interesting my friend. There seems to be a lot of denial of this, I have seen denial of this. Of course, Ron Paul basically says the same thing that you are saying here... can you please show me your sources for this? Thanks. I'm basically researching this whole system for myself.
fusionguitar 4 years ago
This comment has received too many negative votes show
The banks don't provide a product or service? Let's see.....Hummmmmm. How bout when you need to open a hot dog stand. (small start up co.) The bank listens to your bullshit business plan and decides to risk there margin on your idea. Sure sounds like a service has been provided and a product has been rendered. In return they make a profit. Have you been telling this dribble so long you believe it?
NSV102A 4 years ago
No, they don't risk "there margin" - they risk "money" created out of thin air.
lorax2013 4 years ago